2015 (6) TMI 1200

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..... e deduction u/s. 37(1). The same view was followed by ITAT Pune Bench in the case of Sandvik Asia [ 2014 (12) TMI 1236 - ITAT PUNE] . Respectfully following the decision of the Co ordinate Benches, we set aside the order of the Ld. CIT(A) and direct the AO to allow the ESOP expenses as revenue expenditure. - Appeal filed by the assessee is allowed. - I.T.A. No.4542/Mum/2013 - - - Dated:- 24-6-2 .....

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..... the Tribunal Special Bench Bangalore in the case of Biocon Vs DCIT 25 ITR (T) 602 which was followed by the Tribunal Pune Bench in the case of Sandvik Asia Pvt. Ltd. Vs ACIT in ITA Nos. 1841, 1842, 2053 2054/PN/2012. 4. The Ld. Departmental Representative could not bring any distinguishing decision in favour of the Revenue. 5. We have carefully perused the orders of t .....

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